What factors drove the changes in SiTime's revenue and profit?

What were the key takeaways from SiTime's earnings call?

Did SiTime beat or miss consensus estimates last quarter?

What is SiTime's latest dividend and current dividend yield?

What is SiTime's gross profit margin?

What is the revenue and EPS growth rate for SiTime year over year?

What guidance did SiTime's management provide for the next earnings period?

What were the key takeaways from SiTime’s earnings call?

- **Record Q4 growth**: $113.3M revenue (66% YoY), EPS tripled to $1.53, driven by 160% YoY CED expansion.
- **Acquisition boost**: Renesas timing business adds $300M annual revenue (70% CED), 70% gross margins, and strategic access to hyperscalers and automotive OEMs.
- **2026 outlook**: Q1 revenue $101-104M (70% YoY), 62% gross margin. Full-year CED growth to exceed 50% of total revenue.
- **Long-term vision**: $1B+ revenue by 2030, 25%-30% annual growth, with focus on high-value timing solutions for AI, automotive, and defense.

**【CEO Summary Section】**
- Q4 2025 revenue: $113.3 million (66% YoY growth), EPS: $1.53 (triple YoY). Full-year revenue: $326.7 million (61% YoY growth), EPS: $3.20.
- Gross margin: 61.2% in Q4, exceeding 60% target for 2025. Book-to-bill ratio: 1.5, indicating strong demand.
- CED segment growth: 160% YoY, driven by AI and data centers. 2026 forecast for Super TCXOs increased 50% due to AI CapEx.
- Acquisition of Renesas' timing business: Adds $300 million in annual revenue (70% CED), 70% gross margins, and 160 engineers. Pro forma CED revenue doubles.
- Long-term growth target: 25%-30% annually, with focus on high-value products and strategic segments like automotive, defense, and industrial.

**【CFO Financial Commentary】**
- Q4 2025: Operating income $34 million (YoY +26%), cash flow from operations $25.4 million. Full-year cash flow: $87.2 million (vs. $23.2 million in 2024).
- Q1 2026 guidance: Revenue $101-104 million (70% YoY growth), EPS $1.10-1.17. Gross margin: ~62%, driven by CED mix.
- Acquisition financing: $1.5 billion cash + 4.13 million shares, with $900 million debt. Target to reduce leverage below 2x within 24 months post-close.

**【Q&A Highlights】**
- **Cross-selling opportunities**: Renesas' clock products complement SiTime's oscillators, enabling complete timing solutions. Design wins in AI, data centers, and automotive expected to accelerate.
- **Regulatory approvals**: Transaction expected to close by end-2026, with no SAMR (China) approval required.
- **Supply chain resilience**: SiTime's fabless model and programmable MEMS technology ensure flexibility and reliability, outperforming crystal-based competitors.
- **Growth drivers**: CED segment to exceed 50% of revenue, with automotive/industrial/defense each targeting $100 million annually by mid-2020s.

SiTime Corporation (SITM) Q4 2025 Earnings Call Transcript

- **Revenue Surge**: Q3 2025 revenue up 45% YoY to $83.6M, with CED segment growing 115% to 51% of total.
- **Titan Platform Breakthrough**: Entering $4B resonator market with $300M initial SAM, targeting 60%+ gross margins.
- **Q4 Outlook**: $100-103M revenue guidance, 60-60.5% gross margin, and EPS $1.16-1.21, driven by AI/hyperscale demand.
- **Strategic Expansion**: Aerospace/defense and automotive wins, plus clock product funnel quadrupling to $300M.
- **Operational Strength**: $810M cash, operating cash flow doubling to $31.4M, and disciplined cost control.

**【CEO Summary Section】**
- Q3 2025 revenue reached $83.6 million, up 45% YoY, driven by 115% growth in the CED (Communications, Enterprise, Datacenter) segment, which now accounts for 51% of total revenue.
- Introduced the Titan Platform, targeting the $4 billion standalone resonator market, with initial SAM of $300 million and projected growth to $1 billion by 2028.
- CED orders are growing with shorter lead times, and the clock product funnel has quadrupled to $300 million over the past year.
- Aerospace/defense and automotive segments are expanding, with new design wins in optical modules and ADAS systems.

**【CFO Financial Commentary】**
- Q3 non-GAAP EPS was $0.87, up 115% YoY, with gross margin improving to 58.8% due to favorable product mix.
- Q4 2025 guidance: Revenue $100-103 million (up 26% YoY), gross margin 60-60.5%, and EPS $1.16-1.21.
- Cash position remains strong at $810 million, with operating cash flow doubling sequentially to $31.4 million.

**【Q&A Key Highlights】**
- **Q4 Growth Drivers**: CED segment expected to continue leading, with optical modules transitioning to 1.6Tbps technology and higher ASPs.
- **Titan Platform Margins**: Resonator ASPs under $0.20 but gross margins >60%, aligning with current company targets.
- **M&A Strategy**: Focused on near-term opportunities in high-performance timing solutions, with interest in semiconductor integration.
- **Seasonality**: Q1 2026 may see 10-15% sequential decline, but CED diversification reduces historical consumer-driven volatility.
- **Supply Chain**: No significant shortages, with SiTime maintaining strong inventory management and lead time fulfillment.


SiTime Corporation (SITM) Q3 2025 Earnings Call Transcript

- **Revenue Surge**: Q2 2025 revenue up 58% YoY to $69.5M, with AI data center segment growing 137% YoY.
- **Profitability Boost**: Gross margin expands to 58.2%, driven by high-value products; Q3 EPS guidance of $0.67-0.75 reflects strong cash flow.
- **AI Dominance**: >$500M AI data center design wins in 2025, with sequential Q3/Q4 growth fueled by CED and consumer seasonality.
- **Diversified Resilience**: 40%+ 2025 growth target supported by automotive/industrial (+11% YoY) and mobile/IoT (+23% YoY) expansion.
- **Innovation Funding**: $388M equity raise to accelerate R&D in precision timing solutions for AI, 5G, and autonomous systems.

**【CEO Summary Section】**
- Q2 2025 revenue reached $69.5 million, up 58% YoY, driven by 137% growth in the AI data center segment (CED). New products like the Elite family and Cascade clocking family contributed significantly.
- Gross margin improved to 58.2%, with expectations for further expansion as high-value products gain market share.
- Diversified growth across all segments: automotive/defense/industrial (+11% YoY), mobile/IoT/consumer (+23% YoY). AI data center bookings and design wins exceed $500 million in 2025.
- 2025 guidance: >40% revenue growth, sequential Q3/Q4 expansion, and operating leverage improvements through R&D and customer acquisition investments.

**【CFO Financial Commentary】**
- Non-GAAP EPS: $0.47 (up 290% YoY), driven by $7.2 million operating income and $11.6 million net income.
- Balance sheet strength: $796.7 million cash, no debt, and $84.1 million inventory to support production ramp.
- Q3 2025 Outlook: $77-79 million revenue, 58-59% gross margin, and $0.67-0.75 EPS.
- Follow-on offering raised $388 million to accelerate innovation and strategic investments.

**【Q&A Key Highlights】**
- **Segment Growth**: CED (AI data centers) is the primary growth driver, with consumer seasonality and automotive/industrial diversification supporting secondary growth.
- **Mobile Segment Policy**: Guidance excludes unshipped design wins due to volatility, but 2025 mobile visibility is included in forecasts.
- **Gross Margin Tailwinds**: New products (e.g., Symphonic) with ASPs $3-12+ and system-level solutions drive margin expansion beyond 58%.
- **Market Risks**: Automotive market softness (though still growing), but long-term ADAS/L3+ robotaxis position SiTime for 2027+ growth.
- **Hyperscale Penetration**: Gaining traction with merchant silicon partners, with architectural advantages over hyperscalers' internal solutions.

SiTime Corporation (SITM) Q2 2025 Earnings Call Transcript

- **Revenue Growth Supercharged**: Q1 2025 revenue up 83% YoY to $60.3M, driven by 198% YoY surge in CED segment
- **AI Data Center Dominance**: 20+ 1.6T module designs in pipeline, with 800G optical modules shipping at scale
- **Product Portfolio Expansion**: Launch of Symphonic clocking solutions targeting 5G mmWave, pushing clocking revenue ASPs 20-30% higher
- **Customer Stickiness**: Largest customer revenue up 76% YoY, with 2+ timing sockets per phone
- **Gross Margin Ambition**: 60% target maintained, despite consumer business margin drag
- **Cash Machine**: $398M cash balance, generating $15M Q1 cash flow from operations


**【CEO Summary Section】**
- Q1 2025 revenue surged 83% YoY to $60.3M, driven by triple-digit growth in CED (Communications, Enterprise, Data Center) and double-digit growth in mobile/IoT and auto/industrial segments.
- CED revenue tripled YoY, fueled by AI-driven data center upgrades (800G optical modules, 1.6T designs, Active Electrical Cables).
- Key product highlights:
  - **Cascade**: High-performance clocking solutions for switches, NICs, and 5G/FWA
  - **Chorus**: Automotive-grade clocking for ADAS systems
  - **Symphonic**: Industry-first 5G mmWave clock generator
- Largest customer revenue up 76% YoY, with 20+ 1.6T module designs in pipeline.
- Full-year revenue growth target remains 25-30%, supported by differentiated product portfolio and sticky timing subsystems.

**【CFO Financial Commentary】**
- Q1 GAAP net income: $6.3M ($0.26 EPS)
- Gross margin: 57.4% (up 81% YoY in gross profit dollars)
- Operating expenses flat QoQ at $32.5M
- Q2 Outlook:
  - Revenue: $64.7M midpoint (45-50% YoY growth)
  - Gross margin: ~flat vs Q1
  - Non-GAAP EPS: $0.25-$0.31
- CapEx: $16.4M in Q1, ~$35M annualized for new product ramps
- Cash: $398.9M (no debt)

**【Q&A Highlights】**
1. **Customer Growth Sustainability**: CEO expects continued growth from largest customer, though tempered by macro uncertainty. 1.6T module designs could drive incremental content
2. **Gross Margin Target**: CFO reaffirms 60% core business target, despite lower-margin consumer business drag. Cost improvements and yield optimization in new products
3. **Data Center Momentum**: Rajesh notes SiTime is in "every part of the AI data center stack" (GPUs, switches, server racks), with 20+ 1.6T module designs
4. **Design Win Pipeline**: 20+ 1.6T module designs globally, with Cascade clocking solutions seeing strong adoption
5. **Tariff Impact**: Minimal pull-in activity detected; customers planning beyond 90-day horizon


SiTime (SITM)-7 May 25-2025 Q1 Earnings call transcript

- **Record Growth**: Q4 revenue up 61% YoY, driven by 156% CED growth and 32% expansion in automotive/industrial and mobile/IoT segments.
- **Product Innovation**: 10 new platforms launched since Q2 2023, including 5977 Super-TCXO for AI servers and Epoch OCXO for 5G.
- **2025 Outlook**: Targeting 25-30% revenue growth, with CED leading and Aura clocking products contributing $100 million+ in future revenue.
- **Margin Ambition**: Gross margin target of 60%+ by end of 2025, despite Q1 headwinds from lower revenue and new product ramps.

**【CEO Summary Section】**
- Q4 2024 revenue grew 61% YoY to $68.1 million, with full-year revenue of $202.7 million (+41% YoY). CED (Communications, Enterprise, Datacenter) segment grew 156% YoY, while automotive/industrial and mobile/IoT segments each expanded 32% YoY.
- Launched 10 new platforms since Q2 2023, driving ASPs from $1 to over $200. Key products include 5977 Super-TCXO for AI servers and Epoch OCXO for 5G base stations.
- 2025 outlook: Strong bookings across all segments, with CED expected to lead growth due to AI server and 800G optical module adoption.

**【CFO Financial Commentary】**
- Q4 non-GAAP net income: $11.8 million ($0.48 EPS), up 20% YoY. Full-year non-GAAP EPS: $0.93.
- Gross margin: 58.8% (Q4) / 58.2% (FY2024), driven by favorable product mix. Operating expenses: $32.5 million (Q4), with R&D up 19% YoY.
- Q1 2025 guidance: Revenue $53-55 million (+64% YoY), gross margin ~57%, EPS $0.09-0.13.

**【Q&A Highlights】**
- **Growth Drivers**: CED to dominate 2025 growth, with AECs, GPU switches, and 800G modules leading. Industrial/AI applications (e.g., autonomous vehicles, drones) targeting $75 million in 2025.
- **Gross Margin**: Targeting 60%+ by end of 2025, despite Q1 headwinds from lower revenue and new product ramps.
- **Aura Synergies**: Clocking products (e.g., jitter attenuators) generating $100 million+ in future revenue, with accretive margins.
- **Customer Concentration**: Largest customer accounts for 24% of Q4 revenue, with no immediate visibility on new content beyond existing products.

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